Long Beach Real Estate-Long Beach Condos

Alamitos Beach Homes - Market Update - 2008

January 1, 2008 - September 29, 2008

 

Alamitos Beach Home sales have picked up a little bit and prices have been holding steady in the neighborhood for the last several months. 

Lenders have tightened up on lending standards, interest rates are lurking around 6.5%, buyers must be pre-qualified, and down payments are necessary.  First time buyers should be aware that FHA has had a 3% down payment loan program which is increasing to 3.5% on October 1, 2008.   It's a smart buyer that has a lock in letter and a loan commitment from their lender to protect themselves.  

There are some strong buyers on the market right now who are determined to purchase the most their money will buy.  Great buys are available on the real estate market at this time, well priced homes are receiving multiple offers, beach real estate is in demand and investors are out shopping. 

This is a great time to be on the real estate market in Long Beach priced to sell; it's a fantastic time to buy.  

 

 

 

 

There are currently 9 Alamitos Beach Homes for Sale

Average Price: $1,273,111

Average Days on Market: 98

 

Alamitos Beach Homes Currently on the Market:

 

#	MLS#	Address	Bed	B t/f	Gar	SqFt	YBlt	List Price	DOM
1	P646109	1741 E Erie St	3	2/2	0	1,175	1918	$540,000	82
2	P656039	1605 E 3rd St	3	4/2	2	1,754	1998	$550,000	16
3	P648174	124 Orange Ave	3	3/2	0	1,296	1906	$471,000	65
4	P651869	1715  E 3rd St	2	1/1	1	1,186	1920	$529,000	45
5	P641986	284 Gaviota Ave	3	2/1	1	1,444	1921	$549,000	108
6	P642315	1312 E Broadway	3	2/1	2	1,388	1917	$699,000	105
7	R802327	103 N Hermosa Ave	4	3/2	2	3,100	1919	$1,125,000	112
8	P657779	1720 Bluff Pl	3	4/4	2	3,100	2008	$3,495,000	4
9	P606179	1724 Bluff Pl	4	4/4	2	3,200	2007	$3,500,000	346
Average			3		2	1,960		$1,273,111	98
Number of Properties: 9
Average ( ListPrice / SqFt ) : ( 1273111 / 1960 ) = $ 649.55

 

 

0 homes in Alamitos Beach are in escrow accepting back-up offers. 

 

 

3 homes in Alamitos Beach are currently pending in escrow.

Average Price: $$341,633 up a little from last months 311,600

Average Days on Market: 51 up considerably from last months 13

 

 

7 Alamitos Beach Homes have Sold (closed escrow) in 2008. 

Average Price: $408,142 up a bit from last months $439,125

Average Days on Market:  60 down a bit from last months 75

 

8 Alamitos Beach homeowners cancelled their listings.

Average Price: $450,362 down a bit from last months $491,433

Average Days on Market: 108 about the same as last months 113

 

5 Alamitos Beach homes listings expired.

Average Price: $542,580 almost the same as last months $542,487

Average Days on Market: 203 up a bit from last months 189

 

 

2 Alamitos Beach Homes for sale have been leased. 

• 4 bdrm 3 bath, 1,754 sq ft, $2,500
• 2 bdrm 1 bath, 1,192 sq ft, $2,000

 

Alamitos Beach Condos Market Report-2008-Long Beach Real Estate Sales

Relocating to Long Beach California-Resource Guide

 

 

Alamitos Beach and Downtown Long Beach Homes for sale:

 

http://www.longbeachrealestatehome.com/00602A